IMC Rare Earths Begins Trading on NYSE American Under Ticker Symbol “IMC”
Company seeking to establish one of the largest rare earth deposits outside
IMC is advancing the Itarantim project, a large-scale clay deposit in northeastern
“This listing is an important milestone for IMC to help industry and government meet the surging demand for rare earths by creating a reliable supply beyond China,” said Frank Scolaro, founder, Chief Executive Officer and Chair of IMC Rare Earths. “Our deposits can help secure the necessary supplies for fast-growing and rapidly-evolving advanced technology and defense industries in the
The project’s location in
To mark the occasion, Scolaro and his advisors are conducting a ceremonial first trade of the company’s shares on NYSE American at the New York Stock Exchange.
IMC Rare Earths was advised on the transaction by Robert D. Giannattasio, a partner at Gibson, Dunn & Crutcher LLP.
Roberts & Ryan, Inc., America’s first Service-Disabled Veteran-Owned institutional broker-dealer, served as lead-left bookrunning manager and representative of the underwriters for the IPO. It is believed that the offering represents the first initial public offering led by a Service-Disabled Veteran-Owned broker-dealer and the first
About IMC Rare Earths Ltd
IMC Rare Earths Ltd is a mineral exploration and development company focused on the exploration, development and long-term supply of certain rare earth elements. Its principal project is the Itarantim Project, an ionic adsorption clay rare earth deposit located in the States of Bahia and Minas Gerais, Brazil.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements, including statements regarding the Company’s expected use of proceeds from the Offering and its future business plans and strategy. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
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Investor Relations Contact:
IMC Rare Earths Ltd
Investor Relations
Email: info@imcrareearths.com
Source: IMC Rare Earths Ltd.